1.
Foreseen Risks
Number of pages: 67
Posted: 12 Jan 2018
Last Revised: 31 Oct 2019
Working Paper Series
The Wharton School, London Business School and University of Pennsylvania - Finance Department
There are 2 versions of this paper
Downloads
459
2.
Financial Policymaking in the Context of the Known, the Unknown and the Unknowable
Journal of Financial Perspectives, Vol. 1, No. 3, 2013
Number of pages: 19
Posted: 30 Nov 2017
Accepted Paper Series
University of Pennsylvania - Finance Department
Downloads
10
3.
Optimal Dynamic Capital Requirements
Number of pages: 31
Posted: 14 Nov 2017
Working Paper Series
Bank of Portugal, European Central Bank (ECB), Centre for Monetary and Financial Studies (CEMFI) and University of Pennsylvania - The Wharton School
Downloads
74
4.
Making Bankruptcy Work: Living Wills & the Liquidity Challenge (Presentation Slides)
Presentation at conference on Systemic Risk and the Organization of the Financial System, Chapman University, May 12, 2017
Number of pages: 31
Posted: 06 Oct 2017
Working Paper Series
University of Pennsylvania - Finance Department
Downloads
65
5.
Higher Market Thickness Reduces Matching Rate in Online Platforms: Evidence from a Quasi-Experiment
Ross School of Business Paper
Number of pages: 38
Posted: 27 Sep 2017
Last Revised: 25 Oct 2018
Working Paper Series
University of Michigan, Stephen M. Ross School of Business and The Wharton School, University of Pennsylvania
Downloads
370
6.
Simplifying Choices in Defined Contribution Retirement Plan Design: A Case Study
CFS Working Paper, No. 573
Number of pages: 40
Posted: 20 Sep 2017
Last Revised: 18 Jan 2018
Working Paper Series
University of Pennsylvania - Wharton School and University of Pennsylvania - The Wharton School
Downloads
49
7.
Noisy Active Management
Number of pages: 46
Posted: 22 Jun 2017
Last Revised: 25 Jun 2017
Working Paper Series
University of Pennsylvania - The Wharton School
Downloads
252
8.
Understanding the Behavior of Distressed Stocks
Number of pages: 54
Posted: 13 Jun 2017
Last Revised: 23 Feb 2019
Working Paper Series
University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School, The Wharton School and University of Minnesota - Carlson School of Management
Downloads
405
9.
When Risk Is Weird: Unexplained Transaction Features Lower Valuations
Management Science, Forthcoming
Number of pages: 24
Posted: 10 Jun 2017
Last Revised: 19 Jun 2017
Accepted Paper Series
Johns Hopkins University - Carey Business School and Ramon Llull University - ESADE Business School
Downloads
87
10.
Design of Macro-Prudential Stress Tests
Simon Business School Working Paper No. FR 17-14, Stanford University Graduate School of Business Research Paper No. 17-41
Number of pages: 75
Posted: 01 Jun 2017
Last Revised: 18 May 2018
Working Paper Series
University of Rochester - Simon Business School, University of Rochester - Simon Business School and Stanford University - Stanford Graduate School of Business
Downloads
341
11.
Capital Misallocation Effect of Financial Repression in Less-Developed Economies
Number of pages: 24
Posted: 22 Mar 2017
Working Paper Series
University of Pennsylvania - The Wharton School and Sharif University of Technology
Downloads
48
12.
In Pursuit of Good & Gold: Data Observations of Employee Ownership & Impact Investment
Seattle University Law Review, Vol. 40, No. 2, 2017, Georgia State University College of Law, Legal Studies Research Paper No. 2017-10
Number of pages: 56
Posted: 10 Mar 2017
Last Revised: 29 Jun 2017
Accepted Paper Series
University of Pennsylvania - The Wharton School, Finance Department, University of Chicago - Booth School of Business, University of Pennsylvania - Finance Department and Georgia State University College of Law
Downloads
182
13.
The EU Sovereign CDS Ban: Asset Pricing and Welfare Implications under Optimal Beliefs
Number of pages: 31
Posted: 07 Mar 2017
Last Revised: 25 Jun 2018
Working Paper Series
University of Pennsylvania - Finance Department
Downloads
64
14.
After the Tide: Commodity Currencies and Global Trade
Carnegie-Rochester Conference Series on Public Policy, Forthcoming
Number of pages: 49
Posted: 06 Mar 2017
Accepted Paper Series
University of Rochester, University of Pennsylvania - The Wharton School and University of Minnesota - Carlson School of Management
Downloads
134
15.
Information Disclosure in Financial Markets
Annual Review of Financial Economics, 2017, 9, 101–125, Rotman School of Management Working Paper No. 2927013,
Number of pages: 38
Posted: 04 Mar 2017
Last Revised: 21 Nov 2017
Accepted Paper Series
University of Pennsylvania - The Wharton School - Finance Department and University of Toronto - Rotman School of Management
There are 2 versions of this paper
Information Disclosure in Financial Markets
Annual Review of Financial Economics, 2017, 9, 101–125, Rotman School of Management Working Paper No. 2927013,
Number of pages: 38
Posted: 04 Mar 2017
Last Revised: 21 Nov 2017
Downloads
796
Information Disclosure in Financial Markets
Annual Review of Financial Economics, Vol. 9, pp. 101-125, 2017
Posted: 03 Jan 2018
Downloads
796
16.
Disclosure Dynamics and Investor Learning
Number of pages: 73
Posted: 14 Feb 2017
Working Paper Series
University of Pennsylvania - The Wharton School
Downloads
373
17.
Mutual Funds in Equilibrium
Stanford University Graduate School of Business Research Paper No. 17-13
Number of pages: 29
Posted: 10 Feb 2017
Last Revised: 18 Jul 2017
Working Paper Series
Stanford Graduate School of Business and University of Pennsylvania - The Wharton School
There are 2 versions of this paper
Mutual Funds in Equilibrium
Stanford University Graduate School of Business Research Paper No. 17-13
Number of pages: 29
Posted: 10 Feb 2017
Last Revised: 18 Jul 2017
Downloads
787
Mutual Funds in Equilibrium
Annual Review of Financial Economics, Vol. 9, pp. 147-167, 2017
Posted: 03 Jan 2018
Downloads
787
18.
Cascades and Fluctuations in an Economy with an Endogenous Production Network
Number of pages: 46
Posted: 03 Feb 2017
Last Revised: 03 Jul 2017
Working Paper Series
Cornell University - Department of Economics
There are 2 versions of this paper
Cascades and Fluctuations in an Economy with an Endogenous Production Network
Number of pages: 46
Posted: 03 Feb 2017
Last Revised: 03 Jul 2017
Downloads
111
Cascades and Fluctuations in an Economy with an Endogenous Production Network
Number of pages: 41
Posted: 26 Sep 2019
Downloads
18
Downloads
111
19.
In Search of Liquidity Risk in Bank Stock Returns
Number of pages: 54
Posted: 02 Feb 2017
Last Revised: 16 Jan 2020
Working Paper Series
University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and Southern Methodist University (SMU) - Cox School of Business
Downloads
392
20.
Corporate Debt Choice and Bank Capital Regulation
Number of pages: 52
Posted: 19 Dec 2016
Last Revised: 23 Nov 2018
Working Paper Series
Peking University - Department of Finance
Downloads
209
21.
Labor Mobility and Productivity: Evidence from Finance
Number of pages: 48
Posted: 16 Dec 2016
Last Revised: 24 Jan 2017
Working Paper Series
Analysis Group and Washington University, Saint Louis - John M. Olin School of Business
Downloads
111
22.
Equilibrium Asset Pricing with Leverage and Default
The Wharton School Research Paper No. 92
Number of pages: 57
Posted: 10 May 2016
Working Paper Series
The Wharton School
Downloads
93
23.
Financing Firms in India
World Bank Policy Research Working Paper No. 3975
Number of pages: 67
Posted: 20 Apr 2016
Working Paper Series
Imperial College London, OP Jindal Global University, Independent, Fanhai International School of Finance, Fudan University and Australian National University (ANU) - College of Business and Economics
There are 3 versions of this paper
Financing Firms in India
EFA 2006 Zurich Meetings
Number of pages: 63
Posted: 30 Jun 2006
Last Revised: 05 Dec 2011
Downloads
859
Financing Firms in India
World Bank Policy Research Working Paper No. 3975
Number of pages: 67
Posted: 20 Apr 2016
Downloads
469
Financing Firms in India
Journal of Financial Intermediation, Forthcoming
Number of pages: 56
Posted: 03 Jan 2012
Downloads
107
Downloads
469
24.
Disaster Risk and its Implications for Asset Pricing
The Wharton School Research Paper No. 77
Number of pages: 61
Posted: 28 Jan 2015
Working Paper Series
Pacific Investment Management Company (PIMCO) and University of Pennsylvania - Finance Department
There are 3 versions of this paper
Disaster Risk and its Implications for Asset Pricing
The Wharton School Research Paper No. 77
Number of pages: 61
Posted: 28 Jan 2015
Downloads
45
Disaster Risk and its Implications for Asset Pricing
NBER Working Paper No. w20926
Number of pages: 62
Posted: 09 Feb 2015
Downloads
33
Disaster Risk and its Implications for Asset Pricing
Annual Review of Financial Economics, Vol. 7, pp. 219-252, 2015
Posted: 11 Dec 2015
Downloads
45
25.
Option Prices in a Model with Stochastic Disaster Risk
The Wharton School Research Paper No. 76
Number of pages: 67
Posted: 26 Jan 2015
Last Revised: 22 Nov 2017
Working Paper Series
University of Houston - C.T. Bauer College of Business and University of Pennsylvania - Finance Department
There are 3 versions of this paper
Option Prices in a Model with Stochastic Disaster Risk
The Wharton School Research Paper No. 76
Number of pages: 67
Posted: 26 Jan 2015
Last Revised: 22 Nov 2017
Downloads
482
Option Prices in a Model with Stochastic Disaster Risk
The Wharton School Research Paper No. 55
Number of pages: 71
Posted: 22 Oct 2013
Downloads
63
Option Prices in a Model with Stochastic Disaster Risk
NBER Working Paper No. w19611
Number of pages: 63
Posted: 09 Nov 2013
Downloads
11
Downloads
482
26.
Risk, Unemployment, and the Stock Market: A Rare-Event-Based Explanation of Labor Market Volatility
The Wharton School Research Paper No. 73
Number of pages: 83
Posted: 22 Dec 2014
Last Revised: 22 Nov 2017
Working Paper Series
University of Southern California - Marshall School of Business and University of Pennsylvania - Finance Department
Downloads
609
27.
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 27 Jul 2014
Working Paper Series
Carnegie Mellon University - David A. Tepper School of Business and University of Pennsylvania - The Wharton School
There are 3 versions of this paper
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 24 Jul 2014
Downloads
114
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 23 Jul 2014
Downloads
39
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 27 Jul 2014
Downloads
33
Downloads
33
28.
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 24 Jul 2014
Working Paper Series
Carnegie Mellon University - David A. Tepper School of Business and University of Pennsylvania - The Wharton School
There are 3 versions of this paper
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 24 Jul 2014
Downloads
114
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 23 Jul 2014
Downloads
39
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 27 Jul 2014
Downloads
33
Downloads
114
29.
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 23 Jul 2014
Working Paper Series
Carnegie Mellon University - David A. Tepper School of Business and University of Pennsylvania - The Wharton School
There are 3 versions of this paper
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 24 Jul 2014
Downloads
114
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 23 Jul 2014
Downloads
39
A Positive Theory of Economic Growth and the Distrbution of Income
The Wharton School Research Paper No. 67
Number of pages: 29
Posted: 27 Jul 2014
Downloads
33
Downloads
39
30.
Maximum Likelihood Estimation of the Equity Premium
The Wharton School Research Paper No. 57
Number of pages: 69
Posted: 30 May 2014
Last Revised: 04 Oct 2016
Working Paper Series
University of Alberta - Department of Finance and Statistical Analysis and University of Pennsylvania - Finance Department
There are 2 versions of this paper
Maximum Likelihood Estimation of the Equity Premium
The Wharton School Research Paper No. 57
Number of pages: 69
Posted: 30 May 2014
Last Revised: 04 Oct 2016
Downloads
409
Maximum Likelihood Estimation of the Equity Premium
NBER Working Paper No. w19684
Number of pages: 68
Posted: 28 Nov 2013
Downloads
18
Downloads
409
31.
Rare Booms and Disasters in a Multi-Sector Endowment Economy
The Wharton School Research Paper No. 43
Number of pages: 87
Posted: 29 Jan 2014
Working Paper Series
Pacific Investment Management Company (PIMCO) and University of Pennsylvania - Finance Department
There are 2 versions of this paper
Rare Booms and Disasters in a Multi-Sector Endowment Economy
The Wharton School Research Paper No. 43
Number of pages: 87
Posted: 29 Jan 2014
Downloads
25
Rare Booms and Disasters in a Multi-Sector Endowment Economy
NBER Working Paper No. w20062
Number of pages: 87
Posted: 21 Apr 2014
Downloads
8
Downloads
25
32.
Maximum Likelihood Estimation of the Equity Premium
The Wharton School Research Paper No. 54
Number of pages: 48
Posted: 23 Nov 2013
Working Paper Series
University of Alberta - Department of Finance and Statistical Analysis and University of Pennsylvania - Finance Department
Downloads
74
33.
Option Prices in a Model with Stochastic Disaster Risk
The Wharton School Research Paper No. 55
Number of pages: 71
Posted: 22 Oct 2013
Working Paper Series
University of Houston - C.T. Bauer College of Business and University of Pennsylvania - Finance Department
There are 3 versions of this paper
Option Prices in a Model with Stochastic Disaster Risk
The Wharton School Research Paper No. 76
Number of pages: 67
Posted: 26 Jan 2015
Last Revised: 22 Nov 2017
Downloads
482
Option Prices in a Model with Stochastic Disaster Risk
The Wharton School Research Paper No. 55
Number of pages: 71
Posted: 22 Oct 2013
Downloads
63
Option Prices in a Model with Stochastic Disaster Risk
NBER Working Paper No. w19611
Number of pages: 63
Posted: 09 Nov 2013
Downloads
11
Downloads
63
34.
Investment without Q
The Wharton School Research Paper No. 41
Number of pages: 31
Posted: 24 Jul 2013
Last Revised: 28 Oct 2019
Working Paper Series
The Wharton School, University of Pennsylvania and The Wharton School
Downloads
321
35.
A Non-Linear Macroeconomic Term Structure Model
The Wharton School Research Paper No. 53
Number of pages: 52
Posted: 18 Jun 2013
Working Paper Series
University of Pennsylvania - The Wharton School
Downloads
223
36.
Sticky Leverage
The Wharton School Research Paper No. 52
Number of pages: 44
Posted: 29 May 2013
Last Revised: 11 May 2016
Working Paper Series
The Wharton School, University of Pennsylvania - Finance Department and Duke University - The Fuqua School of Business
Downloads
245
37.
External Financing and the Reallocation of Capital Over the Business Cycle: Measurement and Theory
The Wharton School Research Paper No. 49
Number of pages: 67
Posted: 15 Jan 2013
Working Paper Series
University of Pennsylvania - Finance Department and University of Minnesota - Twin Cities - Department of Economics
Downloads
78
38.
When is a Risky Asset 'Urgently Needed'?
Forthcoming, American Economic Journal: Microeconomics
Number of pages: 30
Posted: 12 Oct 2012
Last Revised: 30 Jul 2013
Accepted Paper Series
University of Zurich, Columbia Business School - Finance and Economics and Fudan University - School of Economics
Downloads
68
39.
Equilibrium Credit Spreads and the Macroeconomy
The Wharton School Research Paper No. 42
Number of pages: 46
Posted: 06 Jun 2012
Working Paper Series
The Wharton School and Duke University - The Fuqua School of Business
There are 3 versions of this paper
Equilibrium Credit Spreads and the Macroeconomy
AFA 2010 Atlanta Meetings Paper
Number of pages: 46
Posted: 18 Mar 2009
Last Revised: 15 Jun 2011
Downloads
536
Equilibrium Credit Spreads and the Macroeconomy
The Wharton School Research Paper No. 42
Number of pages: 46
Posted: 06 Jun 2012
Downloads
255
Equilibrium Credit Spreads and the Macroeconomy
Number of pages: 33
Posted: 18 Feb 2009
Downloads
214
Downloads
255
40.
Soft Shareholder Activism
Review of Financial Studies, Forthcoming
Number of pages: 47
Posted: 08 Dec 2011
Last Revised: 21 Sep 2018
Accepted Paper Series
University of Pennsylvania - Finance Department
There are 2 versions of this paper
Soft Shareholder Activism
Review of Financial Studies, Forthcoming
Number of pages: 47
Posted: 08 Dec 2011
Last Revised: 21 Sep 2018
Downloads
939
Soft Shareholder Activism
Number of pages: 45
Posted: 12 Jun 2012
Last Revised: 18 Oct 2014
Downloads
109
Downloads
939
41.
The Initial Public Offering of the Industrial and Commercial Bank of China (ICBC)
Number of pages: 39
Posted: 29 Nov 2011
Working Paper Series
Cornell University - Department of Finance, Imperial College London, Fanhai International School of Finance, Fudan University and Securities and Exchange Commission (SEC)
Downloads
230
42.
Compensating Financial Experts
Journal of Finance, Forthcoming
Number of pages: 36
Posted: 29 Nov 2011
Last Revised: 16 Oct 2017
Accepted Paper Series
University of Pennsylvania - The Wharton School and University of Texas-Austin
Downloads
518
43.
Securitization and Capital Structure in Nonfinancial Firms: An Empirical Investigation
Journal of Finance, 69(4) 1787-1825, August 2014
Number of pages: 89
Posted: 25 Nov 2011
Last Revised: 02 Feb 2018
Accepted Paper Series
University of Utah - Department of Finance, Guanghua School of Management, Peking University, Deakin University - Faculty of Business and Law and Drexel University - Department of Finance
Downloads
611
44.
A Theory of Reverse Asset Substitution
Number of pages: 41
Posted: 20 Nov 2011
Last Revised: 01 Dec 2012
Working Paper Series
Imperial College London and University of Miami
Downloads
147
45.
Trends in Financial Innovation and Their Welfare Impact: An Overview
Number of pages: 37
Posted: 14 Nov 2011
Working Paper Series
Imperial College London
There are 3 versions of this paper
Trends in Financial Innovation and Their Welfare Impact: An Overview
Number of pages: 37
Posted: 14 Nov 2011
Downloads
191
Trends in Financial Innovation and Their Welfare Impact: An Overview
De Nederlandsche Bank Working Paper No. 355
Number of pages: 43
Posted: 07 Nov 2012
Downloads
81
Trends in Financial Innovation and Their Welfare Impact: An Overview
European Financial Management, Vol. 18, Issue 4, pp. 493-514, 2012
Number of pages: 22
Posted: 23 Aug 2012
Downloads
2
Downloads
191
46.
Contracting with Synergies
European Corporate Governance Institute (ECGI) - Finance Working Paper No. 320/2011
Number of pages: 55
Posted: 13 Nov 2011
Last Revised: 23 Oct 2018
Working Paper Series
London Business School - Institute of Finance and Accounting, University of Pennsylvania - The Wharton School - Finance Department and University of Pennsylvania, The Wharton School, Finance Department
There are 4 versions of this paper
Contracting with Synergies
European Corporate Governance Institute (ECGI) - Finance Working Paper No. 320/2011
Number of pages: 55
Posted: 13 Nov 2011
Last Revised: 23 Oct 2018
Downloads
403
Downloads
22
Downloads
403
47.
Asset Commonality, Debt Maturity and Systemic Risk
Number of pages: 50
Posted: 05 Nov 2011
Working Paper Series
Imperial College London, Federal Reserve Bank of Chicago and Bocconi University - Department of Finance
There are 2 versions of this paper
Asset Commonality, Debt Maturity and Systemic Risk
Number of pages: 50
Posted: 05 Nov 2011
Downloads
112
Asset Commonality, Debt Maturity and Systemic Risk
CEPR Discussion Paper No. DP8476
Number of pages: 54
Posted: 20 Jul 2011
Downloads
4
Downloads
112
48.
Activist Arbitrage: A Study of Open-Ending Attempts of Closed-End Funds
Journal of Financial Economics, Vol. 95, No. 1, pp. 1-19, 2008
Number of pages: 43
Posted: 22 Oct 2011
Accepted Paper Series
Duke University - Fuqua School of Business, Duke University - Fuqua School of Business, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics
Downloads
114
49.
China’s Financial System: Opportunities and Challenges
Number of pages: 83
Posted: 17 Oct 2011
Working Paper Series
Imperial College London, Fanhai International School of Finance, Fudan University, University of Pennsylvania - The Wharton School and Securities and Exchange Commission (SEC)
There are 2 versions of this paper
China’s Financial System: Opportunities and Challenges
Number of pages: 83
Posted: 17 Oct 2011
Downloads
385
China's Financial System: Opportunities and Challenges
NBER Working Paper No. w17828
Number of pages: 83
Posted: 10 Feb 2012
Last Revised: 29 Feb 2012
Downloads
74
Downloads
385
50.
Information Diversity and Complementarities in Trading and Information Acquisition
Journal of Finance, 2015, 70(4): 1723-1765, Rotman School of Management Working Paper No. 1909501
Number of pages: 98
Posted: 16 Aug 2011
Last Revised: 26 Feb 2016
Accepted Paper Series
University of Pennsylvania - The Wharton School - Finance Department and University of Toronto - Rotman School of Management
Downloads
665
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